ESG Book Aims to 'Disrupt' Sustainability Sector with Free Data
Arabesque president Daniel Klier said the cloud-based ESG Book aims to be a disruptor in the same way streaming service Spotify has shaken up the music industry, to provide real-time ESG information in a common, consistent format.
HSBC, Deutsche Bank and Swiss Re have thrown their support behind ESG Book, a new environment, social and governance (ESG) data platform launched on Wednesday to 'disrupt' the market with a free "public good" service for companies and investors.
The ESG information sector has become a money spinner as asset managers increasingly rely on providers of such data to meet demand from sustainability focused investors. But it is also coming under closer scrutiny from regulators and governments as trillions of dollars flow into the asset class.